DY. COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA, - vs. ROCKMAN INDUSTRIES LTD, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

disallowance, irrespective of the fact whether any such income has been earned during the financial year or not. The Central Board of Direct Taxes, vide Circular No.05/2014 dated 11.02.2014, in exercise of its powers under section 119

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

disallowance, irrespective of the fact whether any such income has been earned during the financial year or not. The Central Board of Direct Taxes, vide Circular No.05/2014 dated 11.02.2014, in exercise of its powers under section 119

DCIT CIRCLE-4, LUDHIANA, LUDHIANA vs. ROCKMAN INDUSTRIES LTD, LUDHIANA

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

disallowance, irrespective of the fact whether any such income has been earned during the financial year or not. The Central Board of Direct Taxes, vide Circular No.05/2014 dated 11.02.2014, in exercise of its powers under section 119

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

disallowance, irrespective of the fact whether any such income has been earned during the financial year or not. The Central Board of Direct Taxes, vide Circular No.05/2014 dated 11.02.2014, in exercise of its powers under section 119

DY. COMMISSIONER OF INCOME TAX, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, FOCAL POINT

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

disallowance, irrespective of the fact whether any such income has been earned during the financial year or not. The Central Board of Direct Taxes, vide Circular No.05/2014 dated 11.02.2014, in exercise of its powers under section 119

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4,, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

disallowance, irrespective of the fact whether any such income has been earned during the financial year or not. The Central Board of Direct Taxes, vide Circular No.05/2014 dated 11.02.2014, in exercise of its powers under section 119

M/S GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, the appeal of the assessee is partly allowed

disallowance of amount under section 40(a)(i) of the Act in case of a deductor is interlinked with the sum chargeable under the Act as mentioned in section 195 of the Act for the purposes of tax deduction at source, the Central Board of Direct Taxes {'CBDT"}, in exercise of powers conferred under section 119

THE INSTITUTION OF CIVIL ENGINEERS SOCIETY,LUDHIANA vs. ACIT, EXEMPTIONS, C-1, CHANDIGARH

In the result, appeal of the assessee is partly allowed for statistical purposes

disallowance made by the assessee is upheld. This ground of appeal is dismissed. 7. Now the assessee is in appeal. 8. The Ld. Counsel for the assessee reiterated the submissions made before the authorities below and further submitted that the figures mentioned by the A.O. and also in the Form No. 10 were taken wrong, due to oversight and clerical

M/S STYLAM INDUSTRIES LTD.,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

In the result, the Department’s appeal in for assessment year

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

disallowance made was correctly made under the proviso to Section 36(1)(iii) of the Act. It has been contended that apropos the advance made to “M/s Zeal Exim P.Ltd.” (supra), no business expediency for making the advance has been proved. 26. Having considered the rival submissions made on the basis of the material available on record, where the facts

DCIT, C-1(1), CHANDIGARH vs. M/S STYLAM INDUSTRIES LTD., CHANDIGARH

In the result, the Department’s appeal in for assessment year

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

disallowance made was correctly made under the proviso to Section 36(1)(iii) of the Act. It has been contended that apropos the advance made to “M/s Zeal Exim P.Ltd.” (supra), no business expediency for making the advance has been proved. 26. Having considered the rival submissions made on the basis of the material available on record, where the facts

DCIT, C-1(1), CHANDIGARH vs. M/S STYLAM INDUSTRIES LTD., CHANDIGARH

In the result, the Department’s appeal in for assessment year

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

disallowance made was correctly made under the proviso to Section 36(1)(iii) of the Act. It has been contended that apropos the advance made to “M/s Zeal Exim P.Ltd.” (supra), no business expediency for making the advance has been proved. 26. Having considered the rival submissions made on the basis of the material available on record, where the facts

M/S STYLAM INDUSTRIES LTD.,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

In the result, the Department’s appeal in for assessment year

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

disallowance made was correctly made under the proviso to Section 36(1)(iii) of the Act. It has been contended that apropos the advance made to “M/s Zeal Exim P.Ltd.” (supra), no business expediency for making the advance has been proved. 26. Having considered the rival submissions made on the basis of the material available on record, where the facts

SHRI GURU NANAK NAM LEWA SEWAK JATHA,,FATEHGARH SAHIB vs. ITO, EXEMPTION WARD, CHANDIGARH

In the result, appeal of the assessee is allowed

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member)

disallowed the exemption claimed under section 11 which has been mechanically sustained by the Ld. Addl/JCIT(A). 6. Further, reliance was placed on the various Coordinate Benches and Hon’ble High Court decisions such as CIT V. Shahzedanand Charity Trust (1997) (P&H), Dera Swami Jagat Giri Trust Vs. CIT(2022)(Asr ITAT), Bagwant Kishore Memorial Society

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

disallowing the higher purchase cost, as alleged, on purchases made from M/s Gaja Nand Pardeep Kumar, as compared to other independent parties. The assessee had made purchase of Rs.58,42,590/- during the year from M/s Gaja Nand Pardeep Kumar. It had made payment of Rs.58,29,620/-, availing a trade discount of Rs.12,970/-, as available from the ledger

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

disallowing the higher purchase cost, as alleged, on purchases made from M/s Gaja Nand Pardeep Kumar, as compared to other independent parties. The assessee had made purchase of Rs.58,42,590/- during the year from M/s Gaja Nand Pardeep Kumar. It had made payment of Rs.58,29,620/-, availing a trade discount of Rs.12,970/-, as available from the ledger

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

disallowing the higher purchase cost, as alleged, on purchases made from M/s Gaja Nand Pardeep Kumar, as compared to other independent parties. The assessee had made purchase of Rs.58,42,590/- during the year from M/s Gaja Nand Pardeep Kumar. It had made payment of Rs.58,29,620/-, availing a trade discount of Rs.12,970/-, as available from the ledger

THE TAL CO-OPERATIVE AGRICULTURE SERVICE SOCIETY LTD.,HAMIRPUR vs. ITO, WARD, HAMIRPUR

In the result, the appeal is allowed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

disallow the deduction u/s 80P; and that the decisions relied upon pertain to the pre- amended provisions of section 80AC and, therefore, they are not applicable. 5. Before us, besides reiterating the stand taken by the Assessee before the ld. CIT(A), the ld. counsel for the assessee has placed reliance on the various decisions of the ITAT, Chandigarh Benches

ACIT, CIRCLE, SHIMLA vs. SHRI VINOD SHARMA, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 1449/Chd/2019 "नधा"रण वष" / Assessment Year: 2015-16 The Acit, Vs. Shri Vinod Sharma, बनाम B-1/3, Circle, Safdarjang Enclave, Shimla New Delhi 110029 "थायी लेखा सं./Pan No: Abkps1560N अपीलाथ"/ Appellant ""यथ"/ Repsondent (Hybrid Mode ) "नधा"रती क" ओर से/Assessee By : Sh. Vishal Mohan, Sr. Advocate With Shri Ahninav Bazwaria, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 10.06.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 09.07.2024

disallowed the claim of the assessee. According to Assessing officer, the assessee could have purchased a house property between 28.12.2010 to 28.10.2011 in order to claim deduction under section 54. Since the assessee invested in the residential House property namely DLF Magnolia way back in F.Y. 2005-06 which is clearly outside the time period mentioned in section